[quote=UCGal][quote=bearishgurl][quote=ocrenter]4S and SEH is perfect for middle class families that put good schools on top of their list. $400-$600K range is what 4S/SEH homes should be at. Essentially, we are looking at folks that make around combined $125k range.
If you are in brackets over that, it isn’t your cup of tea.
The problem of course is the bubble pushed the prices beyond the $600k barrier even though the houses remained in that $400-$600k quality. Especially the north side where the houses are even more tightly packed in as the builders hurried to jam in homes as the bubble was ready to pop.[/quote]
ocrenter, is $400-$600K currently what the average listing price range is in 4S and SEH? And if a typical lot in this price range is only, say, 3800 sf, what size is the house, can a mid-size car fit in the driveway w/o hanging over the sidewalk and what would be its typical list price of today?[/quote]
To answer your question BG, I bolded the answer in OC’s comment.
The houses are NOT in that price range – they got pushed up by the bubble and didn’t return to what they should have.[/quote]
I agree that the houses SHOULD probably be in that price range but the problem is that they aren’t so it doesn’t really matter what we all think prices should be at.
The point is they still seem to be moving at those inflated prices. The market is based on supply and demand and there are still people willing to pay those kind of inflated prices for 4S Ranch it seems like. I sure can’t figure it out but I guess that doesn’t matter to Mr. Market.
If the builders can get $700’s and $800’s for that inferior quality then good for them I guess. I just couldn’t see shelling out that kind of money for that kind of house. But plenty of people seem to be willing to pay those kinds of prices.
